facebookHi all, I am new to investment and I have $2k to spare so I am wondering if I should open a tiger broker account (free apple share and buy stocks) or should I use syfe (equity 100 & Reits+) - Seedly

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Anonymous

20 Jul 2021

Robo-Advisors

Hi all, I am new to investment and I have $2k to spare so I am wondering if I should open a tiger broker account (free apple share and buy stocks) or should I use syfe (equity 100 & Reits+)

Tiger broker account (free apple share and buy stocks) or should I use syfe (equity 100 & Reits+)

Discussion (6)

What are your thoughts?

Do both! Open a tiger brokers account first to get the freebies. Then once they're in, withdraw the cash and put into syfe.

Can use my referral link for tigers!

https://www.tigerbrokers.com.sg/activity/forapp...

Chris

Chris

20 Jul 2021

Owner and Writer at Tortoisemoney.com

Actually, what I'd advise is a mix.

Get the Tiger Brokers free share and cash it out. With AAPL at around USD140 (SGD190), that's almost a 10% return on your money in about a week or so? If you don't have a moomoo account, you can use that to farm another SGD200 or so too (although you will need 2.7k SGD for that).

Then move into Syfe Equity 100 with your 2.2k. If you're just starting out Syfe is honestly good enough since at low capital, their management fee is still alright. But once you hit a higher amount of capital, you might wanna move over to a proper broker like Interactive Brokers and continue there through index investing.

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